RMG Export Growth Rate 5.7% In January

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Share The country’s merchandise exports increased by 5.7 percent year-on-year in January, driven by higher shipments of Bangladesh’s key export item, readymade garments. The country shipped $4.43 billion worth of goods in January, up from $4.19 billion in the same month a year ago, according to Export Promotion Bureau (EPB) data released yesterday. Garment exports rose 5.57 percent year-on-year to $3.66 billion during the month. However, exports of other traditional items like leather and leather goods, and jute declined. January’s receipts brought total export earnings nearly 12 percent higher, to $28.96 billion in the first seven months of fiscal year (FY) 2024-25. In the same period of FY24, exports stood at $25.93 billion. Apart from apparel, some products also performed well during the July-January period. For example, frozen fish shipments increased by 13.19 percent year-on-year to $283.54 million. During the July-January period, agro exports grew by 10.59 percent to $673.84 million, according to EPB data. In the first seven months of FY25, shipments of pharmaceuticals also increased by 11.29 percent to $132.44 million. Plastic goods exports grew by 24.32 percent to $181.79 million. Leather and leather goods exports grew by 34.77 percent to $669.03 million in the July-January period of the current fiscal year. In the July-January period, bicycle exports increased by 63.95 percent to $63.04 million. Non-leather footwear exports grew by 34.21 percent to $318.09 million. #

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